#Wynn Resorts Limited

Market Screener

Las Vegas Casino-Resorts May be Impacted as Hotel Workers Move Closer to Potential Strike -Yesterday at 10:04 am

Wynn Resorts, Limited is one of the leading American promoters and operators of hotel-casinos. At the end of 2020, the group owned 4 hotel-casinos under the Wynn Las Vegas, Wynn Macau, Wynn Palace and Encore Boston Harbor names. Net sales break down by activity as follows:- casinos operation (59%): 1061 gaming tables and 5589 slot machines at the…

Land-based ・ 09 September 2023

Tekedia

Top 5 Largest Casino Operators in Canada

While most people associate casinos with Las Vegas or Atlantic City, several sites are located in Canada. They are run by various operators, each of whom is responsible for the casino's day-to-day operations. Operators in Canada must obtain a Canadian government license to operate the best gambling websites with the best no deposit casino…

Land-based ・ 01 December 2022

Albany Herald

New Las Vegas Strip Casino Reinvents a Sin City Staple

Everyone associates a few things with Las Vegas, but a major new casino player on the Strip has thrown out a classic to try something new. The covid pandemic literally stopped Las Vegas' growing momentum in its tracks. In February 2020, the city had just added the former Oakland Raiders and a number of new casino projects were in the works, with…

Religion ・ 07 November 2022

Rockdale Newton Citizen

Las Vegas Strip Casino Workers Seek to Ban a Popular Bad Habit

You can do anything in Las Vegas (more or less) but some employees want to end one vice that has long been associated with casinos. Las Vegas caters to every vice. The city caters to gluttony with its endless supply of restaurants and all-you-can-eat buffets that range from absurdly cheap to decadently expensive. Sin City has greed covered as…

Land-based ・ 28 October 2022

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Henry Herald

Huge Las Vegas Strip Casino Deal Looks Dead

It has been a time of major change on the iconic Las Vegas Strip but one highly-anticipated deal appears to not be happening. Fortunes get made and lost in Las Vegas and that's not just something that impacts gamblers. Companies including Caesars Entertainment (CZR) - Get Caesars Entertainment Inc. Report, MGM Resorts International (MGM) - Get MGM…

Land-based ・ 26 October 2022

Kalkine Media

Kalkine Media explores five US casino stocks to watch in October

The casino sector comprises firms from the gaming industry that offer leisure and other related services through their resorts and casino gaming properties. To name some, Las Vegas Sands Corp. (NYSE: LVS), Wynn Resorts, Limited (NASDAQ: WYNN), MGM Resorts International (NYSE: MGM), Caesars Entertainment, Inc. (NASDAQ: CZR), and Boyd Gaming…

Finance ・ 22 September 2022

World Casino News

Macau licensing move for Wynn Macau Limited

Asian casino operator Wynn Macau Limited has reportedly applied for a new ten-year license that would give it official permission to continue offering gambling entertainment at its pair of Macau properties until the end of 2033. According to a report from Inside Asian Gaming, the firm majority-owned by American casino operator Wynn Resorts…

Law ・ 14 September 2022

News-Daily

Unique New Las Vegas Strip Casino Faces a Problem

Building a new Las Vegas Strip casino is rarely easy or quick, and a new dream project has hit an interesting snag. Building a resort/casino -- even one that's small compared to the megaresorts owned by Caesars Entertainment (CZR) - Get Caesars Entertainment Inc. Report, MGM Resorts (MGM) - Get MGM Resorts International Report, and Wynn Resorts…

Land-based ・ 07 September 2022

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The Street

MGM Shares Plans for Its New Las Vegas Strip Property

The Las Vegas Strip has become some of the hottest real estate on Earth. The 4.2-mile stretch of road has become a battleground where interlopers like Resorts World Las Vegas try to unseat the established market leaders Caesars Entertainment (CZR) - Get Caesars Entertainment Inc. Report, MGM Resorts International (MGM) - Get MGM Resorts…

Land-based ・ 11 August 2022

The Street

Red Rock Casino Brings Las Vegas Strip-Like Luxury Off the Strip

Red Rock Resorts (RRR) - Get Red Rock Resorts Inc. Report operates a unique business model where it caters to locals while also being tourist-friendly. The brand lacks the scale of the biggest Las Vegas Strip players including Caesars Entertainment (CZR) - Get Caesars Entertainment Inc. Report, MGM Resorts International (MGM) - Get MGM Resorts…

Land-based ・ 25 July 2022

The Street

Cruise and Casino Stocks: Which Are the Most Volatile?

The concept of beta - which measures a stock's volatility compared with the market as a whole - is an important one for equities. So is the concept of equity-risk premium -- that's how much more return you should get if you invest in stocks instead of risk-free assets like Treasury securities. The equity-risk premium has soared 42% this year. How…

Travel ・ 22 July 2022

The Street

Las Vegas Casinos Should See Bump From Macau Reopening

Macau has been in dire straits for more than the past week. Earlier this month, the Chinese government announced that it would close all casinos in Macau starting July 11 as the region battles a covid-19 outbreak that infected nearly 1500 people over a three week period in the city of 680000. During previous outbreaks, the Chinese government had…

Land-based ・ 21 July 2022

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Which Casino Stocks Are Your Best Bets?

As investors await second-quarter earnings reports for major gaming/casino companies, Wells Fargo analysts warn of a slowdown in the industry. They see "signs that U.S. gaming spending has begun to soften, as consumers grapple with rising inflation, higher interest rates, and increasing economic uncertainty," they wrote in a commentary. "We do not…

Finance ・ 18 July 2022

The Street

Las Vegas Leader Closes 3 Casinos, Plans Huge Expansion

In Las Vegas it often seems like bigger is better. Caesars Entertainment (CZR) - Get Caesars Entertainment Inc. Report, MGM Resorts International (MGM) - Get MGM Resorts International Report, and Wynn Resorts (WYNN) - Get Wynn Resorts Limited Report certainly seem to subscribe to that logic. The three biggest players on the Las Vegas strip seem to…

Travel ・ 17 July 2022

The Street

Bet on This $1 Cannabis Stock (Just Off the Las Vegas Strip)

While the song says that New York is the place where if you can make it there, you can make it anywhere, the reality is that Las Vegas can claim that moniker as well. If you can manage to succeed as a restaurant operator, a retailer, a casino/hotel company, or an entertainment venue in Sin City, it's pretty likely you can be successful…

Land-based ・ 15 July 2022

The Street

Caesars Shares Plans for Revamped Las Vegas Strip Casino

Las Vegas demands endless innovation. It's a city filled with tradition and nostalgia that's also always home to the next big thing. The Las Vegas Strip offers a unique mix of timelessness and endless change. You can have some of the same experiences you had 40 years ago, then head to a venue dedicated to e-sports or virtual reality. The major…

Land-based ・ 12 July 2022

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Markets Insider

Macau Lockdown Slashes Targets For Las Vegas Sands, MGM, Wynn

Gambling stocks traded sharply lower on Monday morning as Macau casinos shut down for a week. In response, one Wall Street analyst cut his price targets for U.S.-listed casino stocks with exposure to Macau. The Analyst: Bank of America analyst Shaun Kelley issued the following price target cuts on Monday: Las Vegas Sands Corp. (NYSE: LVS),…

Covid ・ 12 July 2022

The Street

Las Vegas Strip Casino Leaders Take Unexpected Covid Hit

Covid crushed the travel business and few cities took a bigger hit than Las Vegas. Under orders from Nevada Gov. Steve Sisolak (D), the city's casinos, hotels and restaurants closed for roughly two months in the early days of the pandemic. The reopening of Sin City was a slow process, with the two biggest Las Vegas Strip players -- Caesars…

Covid ・ 11 July 2022

The Street

Las Vegas Strip Adds a Huge New Casino Project From a Big Name

For decades downtown Las Vegas, the Fremont Street area, served as a grittier alternative the the glitz and glamour of the mega-resorts on the Las Vegas Strip. With the street closed to traffic and the massive lights and music show known as the Fremont St. Experience, not to mention the live music and DJs that take over after dark, downtown Las…

Land-based ・ 10 July 2022

The Street

Unique Resort Casino Headed to the Las Vegas Strip

The Las Vegas Strip has become a land where casino operators have generally decided bigger is better. Caesars Entertainment (CZR) - Get Caesars Entertainment Inc. Report and MGM Resorts International (MGM) - Get MGM Resorts International Report mostly operate massive megaresorts while Wynn Resorts' (WYNN) - Get Wynn Resorts Limited Report signature…

Land-based ・ 08 July 2022

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Coronavirus consternation for Macau casinos

The large collection of casinos in the Asian city of Macau reportedly saw their aggregated gross gaming revenues for June plummet by over 62% year-on-year to hit a 21-month low of just over $306.47 million. According to a Friday report from Inside Asian Gaming citing official information from the enclave's Gaming Inspection and Coordination Bureau…

Covid ・ 06 July 2022

The Street

Downtown Las Vegas and Fremont Street Getting Surprise New Casino

While the Las Vegas Strip has been known for the glitz and glamour of casino operators, including Wynn Resorts (WYNN) - Get Wynn Resorts Limited Report, Caesars Entertainment (CZR) - Get Caesars Entertainment Inc. Report and MGM Resorts International (MGM) - Get MGM Resorts International Report, downtown Vegas has a grittier reputation. Even after…

Land-based ・ 06 July 2022

The Street

Will Las Vegas Strip Casinos Ban a Popular Bad Habit?

You can experience "pride" when you pull off some sort of improbable gambling beat, "greed" when you see your winnings pile up, "lust" during all sorts of R-rated performances, "gluttony" as you partake of the city's many fine culinary offerings (and its endless buffets), "wrath" when your losing or you can't get into one of those top-tier…

Land-based ・ 25 June 2022

Indian Defence News

Caesars Entertainment Corporation, MGM Grand, Las Vegas Sands Corporation

The Latest research study released by DLF "Global Casino Hotel Market" with 100+ pages of analysis on business Strategy taken up by key and emerging industry players and delivers know-how of the current market development, landscape, technologies, drivers, opportunities, market viewpoint, and status. Understanding the segments helps in identifying…

20 June 2022

The Street

Iconic Vegas Casino Getting Huge Makeover

The times are changing in Las Vegas. Construction cranes seem to be a permanent part of the Las Vegas skyline at this point as casinos are built or upgraded along the Strip. It's almost like a domino effect as each casino spends millions of dollars to upgrade their look, the next casino must spend money to keep up with the Joneses. The Strip is…

NFL ・ 16 June 2022

The Street

Elon Musk's Las Vegas Strip Dream Gets Much Bigger

Elon Musk's plans often sound like ideas that sit somewhere between genius and supervillain. The billionaire Tesla (TSLA) - Get Tesla Inc. Report CEO thinks incredibly big and that makes some of his ideas seem improbable at best. This man wants to build a city on Mars while revolutionizing transportation and energy on Earth. Tesla has, of course,…

Land-based ・ 16 June 2022

The Street

Las Vegas Casinos Get Key Covid Mask Decision

The National Football League draft felt as if Las Vegas -- specifically Caesars Entertainment (CZR) - Get Caesars Entertainment Inc. Report and MGM Resorts International (MGM) - Get MGM Resorts International Report Las Vegas Strip properties -- officially put the covid pandemic in the rear-view mirror. Casinos were packed, the Strip was actually…

Covid ・ 15 June 2022

The Street

Las Vegas, Casinos, Gamblers Await Huge IRS News

Imagine paying the same rate for anything that you did back in 1977. In that year, the average host cost $54200, a gallon of gas was $0.63, and $3 bought a dozen eggs along with a gallon of milk with change to spare. 1977 was also the year the Internal Revenue Service (IRS) set its standard for the level of slot machine jackpot that must be…

Politics ・ 13 June 2022

The Street

Caesars, MGM, Las Vegas Strip Get Surprising Good News

It started with March Madness and continued through the National Football League (NFL) Draft leading into what looks like a potentially record-setting summer. Las Vegas turned the corner on the covid pandemic and saw visitors flock to the Las Vegas Strip hotels operated by Caesars Entertainment (CZR) - Get Caesars Entertainment Inc. Report,…

Land-based ・ 13 June 2022

World Casino News

Macau ‘satellite’ casinos facing an uncertain future

In Macau and Economy and Finance Secretary Lei Wai Nong (pictured) has reportedly announced that some local'satellite' casino enterprises have officially applied for permission to'adjust their operations' in anticipation of coming regulatory changes. According to a report from Inside Asian Gaming, the legislator declared that a'small number' of…

Travel ・ 08 June 2022

The Street

Wynn Has Wealthiest Casino Customers, Wells Fargo Says

We all know that the less money you have, the more inflation hurts. And the 8.3% surge in consumer prices in the 12 months through April has left a lot of people hurting. Wells Fargo analysts have looked at what this means for casino companies. "We analyzed average household income (HHI) data for visitors to … U.S. casinos to gauge which operators…

Travel ・ 07 June 2022

World Casino News

Wynn Las Vegas to host December’s WPT World Championship

The World Poker Tour (WPT) has announced that it will be partnering with Wynn Resorts Limited in order to bring its WPT World Championship extravaganza to the American casino operator's Wynn Las Vegas property this December. The Las Vegas -headquartered poker organizer used an official Monday press release to detail that its WPT World Championship…

Poker ・ 07 June 2022

World Casino News

Annual aggregated gross gaming revenues rethink in Macau

In Macau and the government of Chief Executive Ho Iat Seng (pictured) has reportedly announced that it will be officially lowering the enclave's predicted aggregated gross gaming revenue tally for the entirety of 2022. According to a report from Inside Asian Gaming, the former Portuguese territory had earlier forecast that its aggregated gross…

Finance ・ 06 June 2022

The Street

This Stock Might Be the Best Las Vegas Strip Investment

Las Vegas offers the promise of getting rich. In most cases, that's a false promise as the house usually wins, but you can make money on Sin City without throwing any dice, playing cards, or taking a turn at the slot machines. Las Vegas has a surprising number of investment options and the best one might be a company you've never heard of (or maybe…

Land-based ・ 04 June 2022

The Street

Another Iconic Las Vegas Strip Casino Getting Major Makeover

The Las Vegas covid comeback continues. Sin City has reported record visitor numbers and casino cash takes over the past few months. That's a huge comeback for a city that saw its casinos, hotels, and entertainment venues shutter during the worst days of the pandemic. Even after the reopening, crowds did not fully come back. Conventions were…

Land-based ・ 04 June 2022

The Street

Las Vegas Strip Resort Gets 'Extensive' Makeover

Cranes are ubiquitous in Vegas, but one resort is redoing the inside in an update 17 years in the making. Las Vegas is a city of bright lights and attractions, so to compete for business on the Strip, casino resorts have to be on the cutting edge. Twenty years may not seem like a long time in the history of most buildings, but for a casino it's…

Land-based ・ 01 June 2022

The Street

Major Las Vegas Property Getting $600 Million Renovation

Las Vegas seemingly (and probably literally) has more major construction projects than any city in the world. At the moment, Fontainebleau Las Vegas, a project that has been on a nearly 20-year odyssey, continues its slow journey to a late-2023 opening. In addition, Caesars Entertainment (CZR) - Get Caesars Entertainment Inc Report has decided to…

Religion ・ 24 May 2022

World Casino News

Arrears warning for Macau gambling market

Global brokerage and investments firm Morgan Stanley has reportedly warned that the combined debt of the six licensed casino operators in Macau could exceed $25 billion by the end of the year owing to China's ongoing strict travel restrictions. According to a report from Inside Asian Gaming, the New York-headquartered financial services giant also…

Industry ・ 24 May 2022

World Casino News

Macau’s draft gaming bill is taking shape

In Macau and legislators are reportedly preparing to chuck out a provision within the under-consideration draft gaming bill that would prevent anyone with more than a 5% shareholding in a local casino operator from investing with any rival firm. According to a report from GGRAsia, this possible concession was revealed by local legislator Chan Chak…

Travel ・ 17 May 2022

The Street

Las Vegas Strip Losing Iconic Casino Attraction

Las Vegas Strip casinos offer so much more than hotel rooms, casinos, restaurants, and shows. The massive properties owned by companies including MGM Resorts International (MGM) - Get MGM Resorts International Report, Caesars Entertainment (CZR) - Get Caesars Entertainment Inc Report, Wynn Resorts (WYNN) - Get Wynn Resorts, Limited Report, and…

Land-based ・ 11 May 2022

The Street

Las Vegas Strip Gets Good News From Caesars

During tougher economic times, people spend less money. That's not just true of people impacted by those economic conditions. It can also be people simply worried about potential bad times or economic struggles who preemptively spend money more carefully. Inflation or other economic woes might cause people to cut the cord with cable, cut back on…

Land-based ・ 10 May 2022

The Street

Las Vegas Strip Girds for Proposed Major Change

The south and central sections of the Las Vegas Strip have become a mix of vehicular gridlock and pedestrian confusion. It's not really a street that's walkable -- at least not without a lot of interruptions. Only limited stretches of walkways are clear; instead, the sidewalks are broken up with escalators and skyways that make it possible to cross…

Land-based ・ 04 May 2022

World Casino News

Macau casinos experienced an April slump

The over 40 casinos in Macau reportedly saw their aggregated gross gaming revenues for April decline by over 68% year-on-year to hit a 19-month low of just over $331.19 million. According to a report from GGRAsia citing official information from the enclave's Gaming Inspection and Coordination Bureau regulator, the disappointing result equated to a…

Travel ・ 02 May 2022

The Street

Huge Las Vegas Strip Project Takes Over Doomed Former Hotel

The Las Vegas Strip has more than just casinos. Sure, that famous 4.2-mile section of road gets its identity from the towering Caesars Entertainment (CZR) - Get Caesars Entertainment Inc Report, MGM Resorts International (MGM) - Get MGM Resorts International Report, Wynn Resorts (WYNN) - Get Wynn Resorts, Limited Report, and the other iconic…

Land-based ・ 01 May 2022

The Street

New Move Continues North Las Vegas Strip Casino Resurgence

The North section of the Las Vegas Strip used to be a semi-abandoned wasteland featuring lesser casino properties, motels, sketchy gift shops You had The Strat, formerly The Stratosphere, sitting on the very northern tip of The Strip, essentially as a lone beacon of the glitz and glamour offered by the South and Central Strips dominated by Caesars…

Land-based ・ 24 April 2022

The Street

A New Type of Casino Coming to Las Vegas

The biggest players in Las Vegas -- Caesars Entertainment (CZR) - Get Caesars Entertainment Inc Report, MGM Resorts International (MGM) - Get MGM Resorts International Report, and Wynn Resorts (WYNN) - Get Wynn Resorts, Limited Report -- go broad intentionally. They want to lure as many tourists, businesspeople, and even locals to their…

Sports ・ 17 April 2022

The Street

Las Vegas Strip Casino Operators Eye Something New (and It's Huge)

Gambling used to be unique to Las Vegas and Atlantic City. That made those two cities very special destinations and gave enormous power to the companies that held gaming licenses in those locations. Now, between the rise of casinos on Native American tribal land, some of which are operated by Caesars Entertainment (CZR) - Get Caesars Entertainment…

Land-based ・ 15 April 2022

The Street

New Las Vegas Strip Casino Property Owner Looks to Dubai

Anything can happen on the Las Vegas Strip. That goes for what tourists might do in a place that for years told people that any sins they commit in Sin City "stay in Vegas," but it also goes for the actual properties on the famed stretch of land. MGM Resorts International (MGM) - Get MGM Resorts International Report, for example, owns an Egyptian…

Land-based ・ 09 April 2022

The Street

Las Vegas Strip Completes Its Covid Comeback (Thank the NFL, BTS)

Las Vegas had a bleak 2020 with the pandemic forcing Sin City to close. Caesars (CZR) - Get Caesars Entertainment Inc Report, MGM Resorts International (MGM) - Get MGM Resorts International Report, Wynn (WYNN) - Get Wynn Resorts, Limited Report, and the rest of the players on the famed Las Vegas Strip literally had to shut down their massive…

NFL ・ 07 April 2022

The Street

Las Vegas Strip: Unusual Opportunity to Party Hearty Returns

In Las Vegas, the party does not always wait until the sun goes down. Sin City has become a premier destination for day clubs -- nightclub-like parties held during the day -- so you can party while it's still light out. That's a concept that likely does not work anywhere else in the world. People who visit Las Vegas want to have fun, and in many…

Land-based ・ 04 April 2022

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The Street

Vegas Cannabis Lounges Are Coming, But Not to the Las Vegas Strip

Las Vegas (and the entire state of Nevada) have legalized marijuana, but have not made it easy to actually smoke it for tourists. That's because while dispensaries like Planet 13 (PLNHF) operate legally, they're not allowed to have on-site consumption lounges. In addition, hotels, including the massive casinos operated on the Las Vegas Strip by…

Land-based ・ 03 April 2022

The Street

Las Vegas Strip Adding a Cannabis-Friendly Hotel

A company that operates a marijuana-positive hotel in Phoenix has bought a property just off the famous Las Vegas Strip. Las Vegas, really the whole state of Nevada, has been an odd place for cannabis operators. The state has legalized recreational marijuana, but it has never legalized consumption lounges. That's not a problem for locals, who can…

Land-based ・ 29 March 2022

The Street

Wynn Has to Spend a Lot of Money to Stay Relevant in Las Vegas

Different locales call for different strategies in the casino business. When Macau was the buzzing international growth market as recently as 2019, most American casinos sold investors on their plans to expand in China. But a couple of years of pandemic lockdowns, and uncertainty about gambling licenses amid a crackdown on corruption in the…

Travel ・ 28 March 2022

World Casino News

Commitment concerns for Macau casino operators

The combined net debt of the six licensed casino operators in Macau has reportedly quadrupled since the start of the coronavirus pandemic in late-2019 to currently stand at more than $20 billion. According to a report from Inside Asian Gaming, this potentially worrying news was unveiled by global brokerage and investments firm Morgan Stanley…

Travel ・ 17 March 2022

World Casino News

Static situation for Macau casino firms

The six licensed land-based casino operators in Macau are to reportedly not be asked to pay any more tax under the provisions of the draft gaming bill currently being considered by legislators. According to a report from Asia Gaming Brief, this revelation came from local legislator Andrew Chan Chak Mo during a Tuesday briefing that was also…

Travel ・ 17 March 2022

Markets Insider

4 Reasons Macau Casino Stocks Are Tanking

Macau casino stocks have taken a beating so far in 2022, but the selling pressure has intensified in recent days. On Tuesday, Bank of America analyst Shaun Kelley highlighted at least four reasons investors are dumping Macau stocks. Reasons For The Sell-Off: For the past year, Kelley has repeatedly discussed the "three C's" weighing on Macau…

Finance ・ 15 March 2022

World Casino News

Macau casino firms experience second share slump

For the second consecutive weekend and the aggregated value of shares in the six-strong club of licensed Macau casino operators has reportedly dropped significantly owing to a number of factors including the ongoing presence of coronavirus. According to a report from Inside Asian Gaming, the combined market cap of the Hong Kong-listed sextuplet…

Covid ・ 15 March 2022

The Street

Las Vegas Casinos Get Some Potentially Bad News

Whether its the prospect of major sports leagues making the oasis in the desert their home or new hotels and convention centers coming online in the coming years, Las Vegas is having a post-pandemic moment in the sun. The Las Vegas Convention and Visitors Authority is projecting the spending of $4.512 billion in 29 new projects that are expected to…

Land-based ・ 09 March 2022

PR Newswire

Vegas Goes All In as Online Gambling Soars

NetworkNewsWire Editorial Coverage NEW YORK, Feb. 28, 2022 /PRNewswire/ -- Almost everything in the online gaming market produces eye-popping numbers. Even pre-COVID, online gambling was accelerating at a brisk pace as ever more people discovered mobile apps and demand surged with the younger tech-savvy demographic. Enter the coronavirus pandemic…

Mobile ・ 28 February 2022

The Street

Overlooked Section of the Iconic Las Vegas Strip Gets a New Life

When you think of the Las Vegas Strip, you generally think of the south Strip, which counts Planet Hollywood, Aria, Mandalay Bay, and Luxor among its many properties as well as the famous "Welcome to Las Vegas" sign, or the mid-Strip which contains the Venetian, Mirage, Harrah's Caesars Palace, Pairs, and Bellagio among other properties. These two…

Land-based ・ 22 February 2022

The Street

Casino Developers Want to Gamble on New York City

Will casino developers be able to roll the dice in New York City soon? New York state has a ban on new casinos until 2023, but Governor Kathy Hochul wants to end that moratorium this year, potentially allowing up to three casinos to open downstate. This could possibly lead to a few new casinos opening in downtown New York City, and nine different…

Covid ・ 07 February 2022

World Casino News

Macau licenses only 46 casino junkets for 2022

In Macau and the Gaming Inspection and Coordination Bureau regulator has reportedly licensed just 46 casino junket firms for 2022 at the same time as officials in neighboring China are continuing their crackdown against cross-border gambling. According to a report from inside Asian Gaming, this is the first instance since the watchdog began issuing…

Travel ・ 28 January 2022

World Casino News

Potential annual gaming revenue targets for Macau casinos

As part of its upcoming licensing of six new casino concessionaires and the government of Macau could reportedly soon oblige operators to commit to hitting minimum annual gross gaming revenue targets. According to a report from GGRAsia, draft legislation currently being considered in the former Portuguese enclave may feature a clause that would tie…

Finance ・ 18 January 2022

The Street

Las Vegas Sands, Wynn Resorts Surge As Macau Clarifies Casino Rules

Macau, the world's largest gaming hub, will cap the number of casino operator licenses at six, while boosting local ownership requirements, when it auctions new permissions later this year. Las Vegas Sands (LVS) - Get Las Vegas Sands Corp. Report and Wynn Resorts (WYNN) - Get Wynn Resorts, Limited Report shares surged higher Friday after officials…

Travel ・ 14 January 2022

Markets Insider

Las Vegas Pandemic Recovery Continues To Outpace Macau's, Casino Analyst Says

Las Vegas, Nevada, and Macau, China, are two of the largest global casino gambling hubs. Both gaming destinations took big hits during the COVID-19 pandemic, but the latest gross gaming revenue numbers suggest the Vegas recovery continues to outshine struggling Macau. The Numbers: Many Americans think of Vegas as the top gambling destination, but…

Covid ・ 05 January 2022

Green Prophet

3 Casinos That Use Renewable Energy

The Las Vegas Strip is a colorful electric display at all hours of the day and night. Its energy consumption is staggering. But a few companies are taking steps to reduce their carbon footprints. Recently, casinos in the Las Vegas Strip reported total revenue of $3.6 billion. With such an astronomical number of tourism and entertainment dollars,…

Travel ・ 22 December 2021

Markets Insider

Macau And Las Vegas Gaming Revenues Are Headed In Opposite Directions: What's Next?

Las Vegas, Nevada, and Macau, China, are two of the largest global casino gambling hubs. Both gaming destinations took big hits during the COVID-19 pandemic, but the latest gross gaming revenue numbers suggest Vegas is bouncing back strong while Macau is still struggling. The Numbers: Many Americans think of Vegas as the top gambling destination,…

Finance ・ 11 December 2021

WFMZ News

UK Online & Casino Revenue Reported Healthy Even with Current Pandemic Conditions

PALM BEACH, Fla., Dec. 7, 2021 /PRNewswire/ -- FinancialNewsMedia.com News Commentary - Gambling experts have long contended that the industry is not recession-proof, and data has recently supported this claim. The COVID-19 pandemic has turned the entire world upside down, and the gambling industry is no exception. Financial information is starting…

Covid ・ 07 December 2021

World Casino News

Fresh hope for ‘downstate’ New York casino resort

The New York State Gaming Commission has reportedly launched a campaign that could eventually see up to three Las Vegas -style casino resorts opened in the highly-populated'downstate' region around New York City. According to a Wednesday report from the New York Post newspaper, the state regulator is running a'request for expressions of interest'…

Travel ・ 22 October 2021

Investing

3 Casino Stocks to Avoid as Macau Announces Increased Government Supervision By StockNews

Stock Markets 1 hour ago (Sep 20, 2021 03:30PM ET) Although the reopening of brick-and-mortar casinos and the increasing popularity of online platforms have helped the casino industry to a decent recovery this year, shares of several casino stocks plunged in price with Macau's recent announcement of strict new restrictions on operators in the…

Finance ・ 20 September 2021

Stock News

LVS: 3 Casino Stocks to Avoid as Macau Announces Increased Government Supervision

The casino industry has experienced a decent recovery this year with the reopening of brick-and-mortar casinos and the growing popularity of online gambling. However, shares of Macau casino operators declined by approximately one-third of their values, losing about $18 billion, on September 15, as Macau declared stronger supervision of casino…

Finance ・ 20 September 2021

The Street

Stock Market Today With Jim Cramer: Microsoft Buyback Shows It Has Lots of Cash

Jim Cramer discusses Beijing's plan to regulate casinos in Macau and Microsoft's $60 billion buyback. U.S. stocks remain higher late Wednesday led by energy shares, as oil prices pushed higher. Jim Cramer and TheStreet Senior Portfolio Analyst Jeff Marks talked about the Chinese crackdown on casino stocks and Microsoft's $60 billion buyback. (WYNN)…

Travel ・ 15 September 2021

The Street

Wynn, Microsoft, Las Vegas Sands, Apple

Stocks moving in premarket trading Wednesday include Wynn Resorts, Microsoft, Las Vegas Sands and Apple. Wall Street futures bumped higher Wednesday in cautious trading as slowing domestic inflation and weaker growth in China added to global market uncertainty. Here are some of the top movers in premarket trading Wednesday. (WYNN) - Get Wynn…

Mobile ・ 15 September 2021

World Casino News

Casino license application extension for Chicago

The administration of Chicago mayor Lori Lightfoot (pictured) has reportedly given firms potentially keen on operating the giant city's envisioned Las Vegas -style casino resort a further nine weeks to submit their official license applications. According to a Friday report from the Chicago Tribune newspaper, the move comes as the community of some…

Travel ・ 09 August 2021

Big News Network

Caesars Entertainment Corporation, Bellagio, Las Vegas Sands Corporation, Wynn Macau

Market News Wire 23rd July 2021, 03:22 GMT+10 Changing holiday trends in developing countries, due to increasing disposable income, are widening the horizon of the hotel-casino market. People living in urban areas in developing countries are now taking luxury vacations abroad to relax and spend quality time with their family. Besides luxury, casino…

Land-based ・ 23 July 2021

Baystreet

Five Gambling Stocks Investors are Increasing their Bets On

Investors are betting big on gambling stocks again. After taking a hit with the pandemic, the casino industry is set to come back strong. In fact, according to analysts at Research and Markets, the global gambling market is expected to grow at a CAGR of about 10.8% to $516.04 billion this year, as reported by Insider Money. In addition, according…

Finance ・ 16 July 2021

Markets Insider

Analyst Cuts Price Targets For Wynn, Las Vegas Sands As Macau Gaming Recovery Lags

Gambling stocks have been a mixed bag for investors in 2021 given uneven trends in U.S. casino gambling, online sports betting and iGaming, as well as a sluggish recovery in the Macau, China market. On Thursday, one analyst cut price targets for two gaming leaders that are being dragged down by Macau. The Analyst: Bank of America analyst Shaun…

Incidents ・ 15 July 2021

Baystreet

The Major Catalysts That Have Investors Rolling the Dice on Casino Stocks

Months after being docked by the pandemic, cruises are back out to sea. All after the Centers for Disease Control and Prevention allowed them to sail again with strict safety protocols, as noted by CNBC. "Royal Caribbean Cruises was the first cruise operator to sail a ship from a U.S. port since the beginning of the pandemic when its Celebrity Edge…

Finance ・ 07 July 2021

Markets Insider

July 4 Weekend Room Rates In Las Vegas Now 50% Above Pre-Pandemic Levels

It's been a long road back for Las Vegas casinos since the pandemic hit last year, but one metric suggests next weekend could be a big weekend for Vegas. The Numbers: Bank of America analyst Shaun Kelley said Vegas Strip room rates are more than 50% above 2019 levels heading into the holiday weekend. Las Vegas flight searches are also up 2% from…

Covid ・ 28 June 2021

Stockhouse

As Pandemic Fears Fade, Gambling Stocks Betting on a Massive Comeback

With pandemic fears pulling back, casinos are wagering on a massive comeback. So far, it appears the industry is off to a good start, with U.S. commercial gaming revenue topping $11 billion in the first quarter of 2021, according to the American Gaming Association (AGA). "The revenue total marks a 4.1 percent increase over the industry's…

Covid ・ 25 June 2021

PR Newswire

A Growing Acceptance of Online Gambling is Visible Across the Board

FinancialBuzz.com News Commentary NEW YORK, April 8, 2021 /PRNewswire/ -- The shift to a more favorable attitude towards online gambling services is visible across the board. For example, earlier in October, WynnBET, the digital gaming division of Wynn Resorts Ltd. that is responsible for Wynn's mobile sportsbook and casino app, announced a…

Sports ・ 13 April 2021

World Casino News

Public briefing for Yokohama integrated casino resort plan

In Japan and officials in the city of Yokohama have reportedly held the first of six online briefings so as to lay out the specific direction of their campaign to win one of the nation's coming trio of integrated casino resort licenses. According to a report from Inside Asian Gaming, the inaugural remote seminar was conducted on Saturday afternoon…

Travel ・ 08 February 2021

ETF Trends

Gambling ETF Hits the Jackpot with Wynn Resorts

Gambling industry-related exchange traded funds were in the black Friday after Wynn Resorts (NasdaqGS: WYNN) hit the jackpot on growing bets that the vaccine rollout will help brings things back to normal. Among the best performing non-leveraged ETFs of Friday, the VanEck Vectors Gaming ETF (NasdaqGM: BJK) increased 3.7%. Meanwhile, Wynn Resorts…

Winnings ・ 05 February 2021